Where the list comes from
Every publicly trusted TLS certificate is recorded in Certificate Transparency logs, open append-only ledgers that browsers require. The hostnames inside each certificate are therefore public. OrbitProbe searches those logs through crt.sh and collects the names that fall under the domain you entered.
That makes the list a record of certificates, not of DNS. A name can be listed and no longer exist; a name that only ever used a wildcard certificate, or none, will be missing. Wildcard entries such as *.example.com are shown separately because they cover names without revealing them.
What it is good for
Owners use it to find forgotten hosts: the staging site from three years ago, a test system a contractor set up, a certificate issued by someone who should not have been able to. It is also the quickest way to see that certificates are public, which is a reason not to put secrets into hostnames.
For your own domains, follow up each unfamiliar name with a DNS lookup to see whether it still resolves. Use the tool on domains you are responsible for or are authorised to assess.